A crypto funding government stated the most important downside with digital asset markets is value manipulation, claiming that collusion between market makers and exchanges distorts token costs.
Arthur Cheong, founding father of crypto funding agency DeFiance Capital, stated in an X publish that market makers and crypto tasks work collectively to create synthetic costs that may be sustained for lengthy durations. Cheong wrote:
“You don’t know whether or not the value is a results of natural demand & provide or just because of tasks and market makers colluding to repair the value to attain different targets.”
He added that if the trade’s gamers don’t step up and enhance the state of affairs, an enormous a part of the crypto market will stay “uninvestable for the foreseeable future.”
Centralized exchanges turning a “blind eye”
Cheong stated it was unusual that centralized exchanges (CEXs) are “turning an absolute blind eye” to the problem. He described the altcoin market as a “lemon’s market,” a time period in economics that describes a market the place low-quality merchandise drive out the great because of data asymmetry.
As well as, Cheong described most token technology occasion pricing in 2025 as an “absolute joke” the place the property’ costs went down by 70% to 90% just a few months after itemizing. “Anybody that purchased is down massively,” Cheong added.
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88% of crypto tokens listed on Binance in 2025 declined after itemizing
Knowledge compiled by crypto analyst Miles Deutscher confirmed that amongst crypto tokens listed this yr on the buying and selling platform Binance, solely 3 out of 27 are performing properly. Which means that 88% of the tokens have declined since itemizing.
The worth drops ranged from 19% as much as 90%. Deutscher stated this was the explanation why retail buyers had been quitting.
Solely 3 out of 27 tokens listed in Binance in 2025 are within the inexperienced. Supply: Miles Deutscher
A group member responded to the info saying that that is the place the trade is presently at. The X person added that they hoped Binance would understand beginning at a excessive valuation wasn’t good for customers.
Binance co-founder Changpeng Zhao beforehand admitted that Binance’s itemizing course of wants reform. On Feb. 10, the previous Binance CEO stated that the present system is flawed and advised that CEXs ought to automate listings much like how decentralized exchanges (DEXs) work.
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